Fed Holds Key Rate Steady for a 6th Time in a Row (Newser Breaking News)

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May 1, 2024 Sponsored by   Happening Now Fed Holds Key Rate Steady for a 6th Time in a Row As widely expected, the Federal Reserve held its benchmark interest rate unchanged Wednesday for a sixth straight meeting at between 5.25% and 5.5%, the highest level since 2001. The central bank said it won't cut rates until it has "greater confidence" that inflation is consistently falling toward its stated 2% target, the AP reports. Keep reading   From our sponsor Hydrow: A Full-Body Workout You'll Love Hydrow is the next big thing in exercise. This rowing machine delivers on-the-water content for a more unique and efficient workout experience. Right now, you can get $600 off the Hydrow Pro with code NEWSPRO or $200 off the Hydrow Wave with code NEWSWAVE. Start Rowing   Today's 6 Most-Read Stories   Manage your subscriptions  |  Unsubscribe from Newser emails  |  Privacy Policy We'd love to hear from you. Send us a note at feedback@newser.com. Read our stories on MSN. Newser, LLC  |  1395 Brickell Avenue  |  Suite 800  |  Miami, Florida  |  33131 © 2024 Newser, LLC. All rights reserved